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Day Trading Signals TF And Gold Nov. 12th 2015

November 12, 2015/in Education /by Horst

Day Trading Signals TF And Gold Nov. 12th 2015 Many times we get involved in a trade that doesn’t pan out. We look for clarity to trade with comfort. With comfort, the emotions take care of themselves since there is no need for our subliminal defense mode to kick in and try to overly protect us from financial harm. Understanding this simple concept will allow us to monitor levels of emotional participation. It’s just like anything else in life, well for me anyway. Drama, confusion or hysteria have a tendency to push me away and suggest a search for something more soothing.

With a very uncertain picture on the TF this morning, it suggested I look for a more comforting picture. Unfortunately at the time of interest this morning, my old standby the CL Crude Oil was about to have its oil inventory news release. More uncertainty. Sorry, I’ll pass. I’ve just experienced that on TF and have had my fill for the morning.

Enter a flip over to my 2nd favorite alternate, Gold GC. AHHHH, it’s presenting me with a tranquil, soothing picture. Just what the doctor ordered. Everyone there is acting in a san,e predictable manner. Count me in….. Ok, I’m in….No confusing picture. No stress. No uncertainty. Very predictable reliable movements, then Bam, target filled. All Stress Free.

The point being: know when your emotions are being taxed and react accordingly. Either harness them with breathing, find a better looking picture/opportunity, or walk away altogether and re-assess after enough time has passed and emotions are level again. Knowing yourself is just as important as knowing the technicals on your charts. Technical and emotional harmony need to work in harmony for any trader expecting to succeed.

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